GURUGRAM — In a major leadership transition for the e-commerce platform for pre-owned vehicles, Cars24 co-founder Gajendra Jangid has announced his decision to step down. The move was communicated to employees via an internal Slack note, in which Jangid mentioned he had been contemplating this transition for some time.
Jangid has been a pivotal figure in the company’s journey, leading critical initiatives in brand building, business expansion, and customer experience optimization.
Executive Context
This departure follows a significant leadership vacuum created just last month:
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CEO Exit: Himanshu Ratnoo resigned as CEO in March 2026, shortly after spearheading a major new branding initiative.
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Jangid’s Background: Before co-founding Cars24, Jangid served as an Operations Manager at the global energy services giant Schlumberger.
Corporate Impact
The back-to-back exits of the CEO and a Co-Founder mark a period of significant strategic realignment for the unicorn. While the company has not yet named successors for these roles, the market will be watching closely to see how these departures impact Cars24’s growth trajectory and its focus on brand-led expansion.
The Snapshot:
Departure: Gajendra Jangid (Co-Founder)
Previous Exit: Himanshu Ratnoo (CEO, March 2026)
Legacy: Pivotal in brand strategy and business scaling.
